Pinn
Pinn's mission is to make interactions frictionless, secure, and intelligent.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor investor | €0.0 | round | |
N/A | Seed | ||
| Total Funding | 000k | ||
Pinn was founded in 2014 by Tim Co, Will Summerlin, and Nicholas Auriana in Redwood City, United States. The company initially focused on developing a human-level situational awareness platform using passive observations, targeting sectors such as airlines, banking, retail, and automotive. By May 2015, the startup had secured an undisclosed amount of seed funding from investors including Plug and Play Tech Center, Innovating Capital, and BootstrapLabs.
While initially operating in stealth mode, Pinn has since evolved its business model. The company now provides an all-in-one group investing infrastructure platform. This platform is designed to simplify the process for communities to invest in startups by handling the administrative, legal, and tax obligations associated with group investments. The service caters to a diverse client base, including professional communities, creators, university alumni, accelerators, and even traditional venture capital funds looking to manage scout programs. Revenue is generated through fees and carried interest, similar to a traditional VC fund.
The platform offers a streamlined process for launching a community investing vehicle. It manages the entire setup, including legal documentation, tax filings, and banking, allowing community leaders to focus on fundraising and selecting investments. Members are onboarded through a simple, four-step process to handle commitments, compliance, and wiring of funds. A key feature is the platform's ability to foster community engagement by rewarding members for sourcing deals or adding value to portfolio companies. The infrastructure supports both accredited and non-accredited investors, aiming to make startup investing more inclusive.
Keywords: group investing, investment club platform, community capital, startup investing, fintech, venture capital infrastructure, special purpose vehicle, SPV, angel investing, community fundraising, investment syndicates, portfolio management, financial software, back office support, tax compliance for investors, legal tech for investing, private market investing, alternative investments, syndicate platform, collaborative finance